The Payments Association

JUNE 23, 2025

In addition to jurisdictional data, risk levels, and business size compatibility, providers are mapped by type, including credit cards, alternative payment methods (APMs), wire transfers, and cryptocurrency. GrowthHub’s AI component undergoes continuous development.

Technology

Fi911

JUNE 9, 2025

Wire transfer fraud remains the most common, where attackers impersonate executives or customers to redirect legitimate transfers. These schemes often target international wires where recovery becomes nearly impossible after 24-48 hours. Continuous monitoring catches compromises early.

Email Compromise

Fintech Finance

JUNE 9, 2025

However, while outbound payments have become instant, inbound funding has lagged — dependent on ACH and wire transfers that operate on batch processing and limited banking hours. Cross River is continuing its mission to modernize financial services and provide real-time tools that reflect the pace of today’s economy.

RFP

Clearly Payments

MARCH 31, 2025

In larger enterprises, electronic payments dominate, particularly for B2B transactions , where ACH and wire transfers account for a significant portion of total revenue. Key findings include: Canada: 96% of SMBs continue to accept cash. 63% of businesses accept Interac e-Transfer. and Canada.

Small Business

Fintech Review

APRIL 7, 2025

Castries, Saint Lucia, April 7th, 2025, FinanceWire PrimeXBT , a regulated multi-asset broker, has integrated Neteller, a globally recognized e-wallet provider, and SWIFT, a leading wire transfer network, to provide secure and flexible payment options to traders worldwide.

SWIFT

The Payments Association

JUNE 20, 2025

2020: Fully embraced remote working, ensuring seamless delivery while continuing to support clients through the uncertainty of the pandemic with stability, responsiveness and clarity. There’s no reinvention here; simply a continued commitment to progress that’s thoughtful, relevant, and well-executed.

Travel Rule

Finextra

JUNE 15, 2025

Banks went international with Telex, wire transfers and Correspondent Banking (four banks involved making international transactions). For example, EU has DORA (Digital Operational Resilience Act) which requires a 4 hour for reporting a major incident but no later than 24 hours. Its a timing issue.

Technology

Finextra

JULY 23, 2025

The continued growth of Same-Day ACH settlements shows businesses want faster options while maintaining the cost-effectiveness and reliability that made ACH the backbone of B2B payments. Businesses need the ability to choose between ACH, RTP, FedNow, or wire transfers based on their specific requirements for speed, cost, and certainty.

Real Time Payments

Finextra

JUNE 26, 2025

The very factors driving digital adoption thus amplify the necessity for robust security measures, initiating a continuous and dynamic contest between technological innovation and efforts to prevent fraud. For instance, while credit/debit card processing fees can range from 2% to 3%, stablecoin transfers can incur nominal fees of a few cents.

Stablecoins

Finextra

JUNE 26, 2025

The very factors driving digital adoption thus amplify the necessity for robust security measures, initiating a continuous and dynamic contest between technological innovation and efforts to prevent fraud. For instance, while credit/debit card processing fees can range from 2% to 3%, stablecoin transfers can incur nominal fees of a few cents.

Stablecoins

Fintech Finance

JULY 9, 2024

NASDAQ: SOFI), today announced it is arming fintechs with wire transfer capabilities, enabling them to better serve consumers and businesses by offering another option for fast, secure money movement. According to Fedwire Funds Service, in 2023 it processed more than 193 million wire transfers.

Wire Transfer

Nanonets

SEPTEMBER 28, 2023

​Making a wire transfer with Paypal is a very simple process. You will need to have a Paypal account and you will need to have the routing number for the bank that you want to transfer the funds to. What is a Wire Transfer? What is Required to Send a Wire Transfer with Paypal?

Wire Transfer

Nanonets

SEPTEMBER 28, 2023

​Making a wire transfer with Paypal is a very simple process. You will need to have a Paypal account and you will need to have the routing number for the bank that you want to transfer the funds to. What is a Wire Transfer? What is Required to Send a Wire Transfer with Paypal?

Wire Transfer

PYMNTS

OCTOBER 10, 2018

Rarely does the wire transfer come into play as an exciting, innovative payment rail ready to disrupt cross-border B2B payments. The wire transfer, made popular by Western Union more than 150 years ago, may not seem to be the most innovative rail. Thieves attempted to steal $5.3

Wire Transfer

VISTA InfoSec

FEBRUARY 25, 2024

They take advantage of vulnerable software, stolen credentials, tricked employees, business partner access, unencrypted transfers, and even insider threats to penetrate networks. You might be able to prevent data breaches by hiring cybersecurity services to harden systems continuously. Why Do Breaches Occur?

Data Breach

The Payments Association

MAY 9, 2025

As financial crime evolves, correspondent banks must prioritise wire transfer transparency to meet global regulations and safeguard the financial system. Yet the sector continues to face scrutiny over its vulnerability to financial crime. Yet the sector continues to face scrutiny over its vulnerability to financial crime.

Correspondent Bank

PYMNTS

NOVEMBER 17, 2020

Cambridge Global Payments , a FLEETCOR firm, and Beanworks Solutions are continuing their collaboration to bring together solutions and offer a full accounts payable (AP) offering to clients, which can streamline their payable workflow spanning between buying and payment for firms that have international business, according to a Tuesday (Nov.

Continuity

Fintech Finance

OCTOBER 28, 2024

Integrating with PCBB’s payment services means access to straight-through processing of foreign wire transfers, Swift GPI tracking, and enhanced transparency into payment statuses. We’re excited to enable integration of our services with Finzly BankOS. Sheila Noll, Chief Operating Officer, PCBB.

International Payments

Fintech Finance

MAY 10, 2024

Businesses can make fast and cost-effective transfers through ACH, mailed checks, and wire transfers. Additionally, users can instantly transfer funds between Zil accounts for a seamless financial experience. Users can easily create and manage multiple accounts for different purposes without hidden fees.

Facilitators

Fintech Finance

SEPTEMBER 13, 2024

As instant payments continue to transform the payments ecosystem, financial institutions face unique challenges in adapting their systems and processes to this new real-time paradigm. With contributions from industry experts, the guideline aims to help FIs enhance their operational readiness for real-time payments, including RTP® and FedNow®.

Instant Payments

PYMNTS

NOVEMBER 16, 2020

Real-time payments continue to gain traction around the world. The new system is an upgrade over the current system known as SITRAF, which is akin to wire transfer systems used in the U.S. Case in point: Brazil. The country’s banking system is giving an upgrade to its instant payments system. Cash And Checks .

Real Time Payments

PYMNTS

SEPTEMBER 1, 2017

31) and said Veem will now link its B2B clients to Acuity’s accounting services, while Acuity will integrate Veem’s international wire transfer solutions directly in its platform. The companies revealed their partnership in an announcement Thursday (Aug.

Wire

PYMNTS

DECEMBER 23, 2020

However, this continued growth is resulting in several challenges, especially when it comes to how freelancers are finding work — and being paid for it. Wire transfers are a common method through which these workers receive cross-border payments and these payments can present numerous problems, even if they go smoothly.

Cross-Border Payments

Fintech Finance

JULY 23, 2024

Bank of America continues its winning streak in the annual benchmark that evaluates the online and mobile experience for small business customers of the top 11 national and regional banks that focus on small business digital banking.

Small Business

PYMNTS

JANUARY 13, 2020

The currency exchange company continues in the grips of a ransomware attack that has crippled its operations, as well as the foreign currency operations of its corporate clients, including HSBC and Barclays.

B2B

PYMNTS

JUNE 12, 2018

and overseas for engaging in international business email compromise schemes aimed at intercepting and stealing wire transfers from individuals and businesses. million and the caused the disruption and recovery of about $14 million in fake wire transfers. Postal Inspection Service. Law enforcement also seized close to $2.4

Email Compromise

PYMNTS

NOVEMBER 13, 2020

The cross-border B2B payments space experienced a small drop in growth during the first half of 2020 due to the COVID-19 pandemic’s effects, but it is expected to continue expanding despite this hiccup. Many firms still process cross-border transactions through wire transfers. companies losing roughly $1.77

Cross-Border

PYMNTS

DECEMBER 6, 2016

While they study the key individuals and protocols necessary to perform wire transfers in their target, they learn how to spring a convincing attack, posing as a company executive or an accounting executive,” Sjouwerman continued. Most companies cannot afford to take that risk.”.

Phishing

PYMNTS

AUGUST 21, 2020

Petro, whose firm offers more than 130,000 boats at 9,300 locations worldwide, said he expects the company’s dizzying demand spike to continue. But surprise of surprises, renters don’t like wiring money to strangers in other countries in hopes that a boat is waiting when they arrive. Making Fraudsters Walk The Plank.

Cross-Border Payments

PYMNTS

FEBRUARY 7, 2018

Choi pleaded guilty to one count of wire fraud , admitting that he never attended business school, was never employed by a financial institution at any point in time and exaggerated his wealth. San Jose’s The Mercury News reported that the 36-year-old lied to employees about his financial, educational and professional background.

Wire

PYMNTS

DECEMBER 2, 2020

We continue to think of Visa as a network of networks,” Sheffield said, according to Forbes. The functionality lets users pay with digital currency if they wish to, or through wire transfers or credit cards. Visa itself will not custody the cryptocurrency.

Digital Currency

PYMNTS

DECEMBER 3, 2020

Making the most of this opportunity will require businesses to move beyond their lingering cross-border payments inefficiencies, as many firms continue to use antiquated ways of sending and receiving funds, resulting in payments that are labor-intensive and lack transparency. IntegrationBoosts Speed, Transparency And Security .

Cross-Border

PYMNTS

MARCH 23, 2020

Many freelancers still receive their payments via traditional wire transfers — despite the fact that they can receive payments from friends in an instant — and a large number of firms do not accept or send payments in alternative currencies. dollar or the British pound.

Cross-Border Payments

PYMNTS

FEBRUARY 24, 2020

Just as we are doing with MemberPass, we plan to continue applying knowledge gained from proof of concepts with CULedger to future opportunities and strategies on behalf of our owner credit unions.”. MemberPass offers credit unions (CUs) or CUSOs a single digital credential that serves as member verification.

Credit Union

PYMNTS

APRIL 29, 2019

It would instead have to turn to expensive wire transfers, credit cards — which can take days to settle — or account-to-account transfers, which also can take several days to process and incur fees if passed through intermediary banks. A London-based manufacturer can’t rely on the U.K.’s and Australia’s NPP.

Interoperability

PYMNTS

SEPTEMBER 16, 2019

The investigations are the latest wrinkles in a story that continues to develop after several employees small businesses said they did not get paid. As reported by NBC News , the investigations were confirmed, separately, by spokespeople for the FBI’s Albany, New York office and the labor department.

FBI

Payment Savvy

NOVEMBER 9, 2022

And with the continued growth of mobile commerce, we can only expect electronic transfers to become even more prevalent. Wire Transfer. A wire transfer may be the best option if you need to send or receive a large sum of money quickly. A wire transfer is an EFT payment method made through the SWIFT network.

Online and Mobile Banking